China and Hong Kong stock markets experienced slight declines on Friday; however, they are poised for modest weekly gains, as investors remain unfazed by the fears of a global tech selloff affecting Chinese markets. The blue-chip CSI300 Index and Shanghai Composite Index each dipped 0.2% by lunchtime, as the Hang Seng Index fell 1.1%.

This week, the CSI300 Index and the Hang Seng have each risen approximately 1%. In contrast, tech-centric stock markets in the U.S. and other Asian regions were anticipating their biggest weekly downturns in seven months, sparking investor concern about the rapid ascent of artificial intelligence stocks.

Foreign institutional investors bolstered their positions in Chinese stocks during the third quarter, with their underweight reducing from -1.6% to -1.3%.

See Full Page